SEC Form SC 13G filed by PennyMac Mortgage Investment Trust

2/14/24 10:04:37 AM ET

Real Estate Investment Trusts

Real Estate

Get the next $PMT alert in real time by email

SC 13G 1 pmt13gdec23.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) PENNYMAC MORTGAGE INVESTMENT TRUST (Name of Issuer) REIT (Title of Class of Securities) 70931T103 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 2,231,726 6. Shared Voting Power* 0 7. Sole Dispositive Power* 6,046,009 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 6,046,009 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 7.0% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: PENNYMAC MORTGAGE INVESTMENT TRUST Item 1(b) Address of Issuer's Principal Executive Offices: 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CALIFORNIA 91361 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: REIT Item 2(e) Cusip Number: 70931T103 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 14, 2024 Signature: /s/ Armando Capasso Name & Title: Armando Capasso, Vice President 12/31/2023

Get the next $PMT alert in real time by email

Recent Analyst Ratings for

$PMT

Date	Price Target	Rating	Analyst
7/10/2024	$15.00 → $15.50	Mkt Perform → Outperform	Keefe Bruyette
1/10/2024		Hold	Deutsche Bank
12/6/2023	$13.50	Neutral	UBS
2/17/2023		Buy → Neutral	BTIG Research
2/7/2023	$16.00 → $15.00	Overweight → Neutral	Piper Sandler
1/7/2022	$20.50	Buy	JonesTrading
1/7/2022	$18.50	Neutral → Buy	BTIG Research
11/9/2021	$21.00 → $19.75	Outperform → Mkt Perform	Keefe Bruyette

More analyst ratings

SEC Form SC 13G filed by PennyMac Mortgage Investment Trust

Chat with this insight

Recent Analyst Ratings for
$PMT

$PMT
Leadership Updates

Live Leadership Updates

PennyMac Mortgage Investment Trust Announces Appointment of President and Chief Mortgage Banking Officer

PennyMac Mortgage Investment Trust Announces Appointment of Chairman

$PMT
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

$PMT
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Lynch Catherine A. bought $6,782 worth of Common Shares of Beneficial Interest (451 units at $15.03), increasing direct ownership by 2% to 25,540 units (SEC Form 4)

Lynch Catherine A. bought $6,638 worth of Common Shares of Beneficial Interest (533 units at $12.45), increasing direct ownership by 2% to 25,089 units (SEC Form 4)

Lynch Catherine A. bought $12,078 worth of Common Shares of Beneficial Interest (1,001 units at $12.07), increasing direct ownership by 4% to 24,556 units (SEC Form 4)

PennyMac Mortgage upgraded by Keefe Bruyette with a new price target

Deutsche Bank initiated coverage on PennyMac Mortgage

UBS initiated coverage on PennyMac Mortgage with a new price target

$PMT
SEC Filings

PennyMac Mortgage Investment Trust filed SEC Form 8-K: Results of Operations and Financial Condition

SEC Form 10-Q filed by PennyMac Mortgage Investment Trust

SEC Form CERT filed by PennyMac Mortgage Investment Trust

$PMT
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

$PMT
Press Releases

Fastest customizable press release news feed in the world

$PMT
Large Ownership Changes

This live feed shows all institutional transactions in real time.

$PMT
Financials

Live finance-specific insights

Lynch Catherine A. bought $6,782 worth of Common Shares of Beneficial Interest (451 units at $15.03), increasing direct ownership by 2% to 25,540 units (SEC Form 4)

Lynch Catherine A. bought $6,638 worth of Common Shares of Beneficial Interest (533 units at $12.45), increasing direct ownership by 2% to 25,089 units (SEC Form 4)

PennyMac Mortgage Investment Trust to Present at the Nareit REITweek 2025 Investor Conference

PennyMac Mortgage Investment Trust Declares Second Quarter 2025 Dividends for Its Preferred Shares

PennyMac Financial Services, Inc. Announces Upsizing and Pricing of Private Offering of $850 Million of Senior Notes